{ "ticker": { "uuid": "74077c04-6599-485a-a07a-4ebd5c3322b8", "symbol": "FLJP", "name": "FRANKLIN TEMPLETON ETF TR FTSE JAPAN ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 67.375, "architecture_energy": 33.45, "architecture_maturity": 35.338, "architecture_confidence": 88.146, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 37.16, "rotation_up": 38.29, "upward_expansion": 67.79, "deceleration": 92.27, "rotation_down": 26.28, "downward_expansion": 8.12 }, "activity_lines": [ 39.881333, 39.793964, 39.424454, 38.894135 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 41.24, "trend_reference": 38.308592, "distance_from_trend": 0.076521, "trend_direction": "Improving", "fair_value": 30.216951, "distance_from_fair_value": 0.364797, "fair_value_direction": "Improving", "relative_strength": 1.150774, "relative_strength_direction": "Weakening", "price_momentum": 0.081563, "excess_performance": -0.044062, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.076521, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047457, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.364797, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.006777, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.011508, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.015097, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.081563, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.495484, "read": "Demand-led" } ], "volume": { "latest": 2792811, "relative_activity": 0.48266, "balance": 2.495484, "dry_up": 0.648865, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.036035, "annualized_volatility": 0.229324, "from_high_reference": -0.002636, "from_low_reference": 0.288443 }, "levels": { "trend_reference": 38.308592, "fair_value_reference": 30.216951, "structural_low": 34.63, "invalidation": "A 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1.871162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.309332, "energy": 55.073673, "activity_lines": [ 40.067626, 39.772557, 38.94822, 38.47132 ] }, { "date": "2026-07-17", "close": 38.63, "volume": 3402346, "typical_volume": 6513767.6, "trend": 37.837259, "fair_value": 29.918059, "relative_strength": -1.122076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.878825, "energy": 30.949282, "activity_lines": [ 39.607736, 39.603359, 38.986612, 38.531476 ] }, { "date": "2026-07-24", "close": 38.96, "volume": 5686605, "typical_volume": 6059971.5, "trend": 37.983259, "fair_value": 30.008587, "relative_strength": 0.190668, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.857134, "energy": 21.838532, "activity_lines": [ 39.308667, 39.506029, 39.061051, 38.603911 ] }, { "date": "2026-07-31", "close": 39.38, "volume": 3136346, "typical_volume": 5935015.75, "trend": 38.138259, "fair_value": 30.106379, "relative_strength": 0.064679, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.141483, "energy": 17.680804, "activity_lines": [ 39.276667, 39.483691, 39.163014, 38.694023 ] }, { "date": "2026-08-07", "close": 41.24, "volume": 2792811, "typical_volume": 5786296.25, "trend": 38.308592, "fair_value": 30.216951, "relative_strength": 1.150774, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.374743, "energy": 33.449528, "activity_lines": [ 39.881333, 39.793964, 39.424454, 38.894135 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }